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BHP Group Limited Interim / Quarterly Report 2012

Jan 18, 2012

14787_ffr_2012-01-18_2d4639a0-bf1f-4849-a48e-1950176c18c0.zip

Interim / Quarterly Report

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

January 18, 2012

BHP BILLITON LIMITED BHP BILLITON PLC
(ABN 49 004 028 077) (REG. NO. 3196209)
(Exact name of Registrant as specified in its charter) (Exact name of Registrant as specified in its charter)
VICTORIA, AUSTRALIA ENGLAND AND WALES
(Jurisdiction of incorporation or organisation) (Jurisdiction of incorporation or organisation)
180 LONSDALE STREET, MELBOURNE, VICTORIA 3000 AUSTRALIA NEATHOUSE PLACE, VICTORIA, LONDON, UNITED KINGDOM
(Address of principal executive offices) (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

x Form 20-F ¨ Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: ¨ Yes x No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a

Release Time IMMEDIATE
Date 18 January 2012
Number 01/12

BHP BILLITON PRODUCTION REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2011

• Western Australia Iron Ore production rose to a record annualised rate of 178 million tonnes per annum (100% basis) in the December 2011 quarter, a 25% increase over the previous corresponding period.

• A strong recovery in production across the Base Metals portfolio delivered a 27% increase in copper volumes from the September 2011 quarter.

• Half yearly production records were achieved at New South Wales Energy Coal (Australia) and Cerrejon Coal (Colombia), two of BHP Billiton’s high value, export oriented energy coal operations.

• Petroleum production increased 36% from the December 2010 half year following the acquisition of the Fayetteville and Petrohawk Onshore US businesses and strong uptime performance from existing, operated assets.

Petroleum

Crude oil, condensate and natural gas liquids (‘000 boe) 44,066 22,228 -10 % -5 % 2 %
Natural gas (bcf) 391.84 214.49 108 % 160 % 21 %
Total petroleum products (million boe) 109.38 57.98 36 % 56 % 13 %

Total petroleum production – Petroleum production increased 36 per cent from the December 2010 half year following the acquisition of the Fayetteville and Petrohawk Onshore US businesses and strong uptime performance from existing, operated assets.

Crude oil, condensate and natural gas liquids – Liquids volumes increased marginally from the September 2011 quarter as production from the Onshore US portfolio, development drilling at Shenzi and high uptime at Atlantis (all USA) offset anticipated field decline.

The contribution from the Onshore US portfolio resulted in an eight per cent increase in natural gas liquids production in the December 2011 half year, although anticipated field decline and the temporary shut down of the non-operated Mad Dog facility (USA) resulted in lower overall liquids production relative to the prior corresponding period. Mad Dog is forecast by the operator to remain shut down until the June 2012 quarter.

Natural gas – Natural gas production was higher than all comparable periods reflecting strong performance from the Onshore US and Angostura (Trinidad and Tobago) businesses. Gas production in eastern Australia was down against the September 2011 quarter due to lower seasonal demand.

Aluminium

Alumina (‘000 tonnes) 2,061 1,001 2 % -2 % -6 %
Aluminium (‘000 tonnes) 628 313 0 % 0 % -1 %

Alumina – Sales volumes increased when compared with all corresponding periods as the Alumar refinery (Brazil) continued to deliver into expanded capacity. While a planned calciner outage at Worsley (Australia) constrained production during the December 2011 quarter, volumes are expected to recover as the refinery processes stockpiled hydrate in future periods.

Aluminium – Production was in line with comparable periods with all operations running at, or close to, maximum technical capacity.

Despite our competitive position on the cost curve, our integrated Aluminium business continues to be challenged by underlying cost pressure and weaker prices.

Base Metals

Copper (‘000 tonnes) 500.6 280.3 -16 % -7 % 27 %
Lead (tonnes) 122,651 66,992 -9 % 3 % 20 %
Zinc (tonnes) 51,742 28,298 -33 % -23 % 21 %
Silver (‘000 ounces) 20,054 10,903 -15 % -6 % 19 %
Uranium oxide concentrate (Uranium) (tonnes) 1,909 909 -3 % -5 % -9 %

Copper – A strong recovery in production across the Base Metals portfolio delivered a 27% increase in copper volumes from the September 2011 quarter. Escondida (Chile) average mill throughput per day steadily increased as operations recovered from the industrial action that affected production in the prior quarter. In addition, Olympic Dam (Australia) benefited from higher grades and improved smelter availability following the planned outage in the September 2011 quarter. The expansion of mining fleets at Antamina (Peru) and Pampa Norte (Chile) contributed to half yearly material mined records for both assets.

Consistent with prior guidance, Escondida production is forecast to be marginally lower in the 2012 financial year, with volumes weighted to the second half. Production is expected to improve beyond the 2012 financial year as mining activities progress towards higher grade ore with completion of the Escondida Ore Access project in the main pit.

At 31 December 2011, the Group had 219,718 tonnes of outstanding copper sales that were revalued at a weighted average price of US$3.45 per pound. The final price of these sales will be determined over the remainder of the 2012 financial year. In addition, 239,156 tonnes of copper sales from the 2011 financial year were subject to a finalisation adjustment in the current period. The finalisation adjustment and provisional pricing impact as at 31 December 2011 will decrease earnings before interest and tax by US$258 million for the period.

Lead/silver – Production at Cannington (Australia) decreased in the December 2011 half year reflecting lower average ore grades.

BHP Billiton Production Report for the half year ended 31 December 2011 2

Zinc – Production at Antamina decreased in the December 2011 half year as mining continued to progress through a copper rich ore zone.

Uranium – Production was broadly in line with all comparable periods.

Diamonds & Specialty Products

Diamonds (‘000 carats) 938 481 -32 % -29 % 5 %

Diamonds – As anticipated, production in the December 2011 half year was lower than the prior corresponding period. EKATI (Canada) production is expected to remain constrained in the medium term as the operations extract lower grade material, consistent with the mine plan.

During the quarter, BHP Billiton announced a review of its diamonds business, including the Group’s interests in the EKATI Diamond Mine. The process is ongoing and could continue through the first half of the 2012 calendar year.

Stainless Steel Materials

Nickel (‘000 tonnes) 73.5 38.4 -10 % -11 % 9 %

Nickel – Production increased in the December 2011 quarter with the Line 1 furnace at Cerro Matoso (Colombia) operating at full production rates following its successful replacement in the prior quarter. In addition, higher nickel in matte production at the Nickel West Kalgoorlie smelter (Australia) compensated for a decline in metal production at the Nickel West Kwinana refinery that resulted from a planned outage at a third party hydrogen supplier. Nickel West Kwinana is expected to commission its new hydrogen plant in the March 2012 quarter.

The Nickel West Mt Keith Talc Redesign Project, which enables the processing of talc bearing ore, was successfully commissioned in December 2011.

Nickel West operating margins remain sensitive to persistent weakness in nickel prices and the continued strength of the Australian dollar.

BHP Billiton Production Report for the half year ended 31 December 2011 3

Iron Ore

Iron ore (‘000 tonnes) 80,644 41,072 23 % 22 % 4 %

Iron ore – Western Australia Iron Ore (WAIO) delivered another quarterly record as production rose to an annualised rate of 178 million tonnes per annum (100% basis). Consistently strong operating performance, the ramp up of Ore Handling Plant 3 at Yandi, dual tracking of the company’s rail infrastructure and additional ship loading capacity at Port Hedland all contributed to the record performance. While scheduled maintenance, tie-in activities and the wet season in the Pilbara are expected to affect WAIO production in the second half of the 2012 financial year, full year production is now forecast to marginally exceed prior guidance of 159 million tonnes per annum (100% basis).

Production at Samarco (Brazil) was in line with comparable periods with all three pellet plants continuing to run at full capacity.

Manganese

Manganese ore (‘000 tonnes) 3,825 1,806 -3 % -1 % -11 %
Manganese alloy (‘000 tonnes) 389 195 -1 % 2 % 1 %

Manganese ore – Production was lower than the September 2011 quarter as planned maintenance at Hotazel (South Africa) and a weather related reduction in plant availability at GEMCO (Australia) constrained performance.

Manganese alloy – Alloy production was in line with comparable periods.

Metallurgical Coal

Metallurgical coal (‘000 tonnes) 17,784 8,493 -2 % 9 % -9 %

Metallurgical coal – Queensland Coal (Australia) volumes for the December 2011 quarter remained below capacity as a result of stoppages associated with the ongoing labour negotiations and the remnant effects of wet weather. In addition, geotechnical issues at the Gregory Crinum longwall adversely affected production in the period. While system capability is no longer constrained by the 2011 floods, the extent to which industrial action will continue to impact production, sales and unit costs is difficult to predict.

Illawarra Coal (Australia) production increased in the December 2011 half year following successful longwall moves at Dendrobium and Appin in the June 2011 quarter. Volumes were lower than the September 2011 quarter as a planned shutdown of the West Cliff Coal Handling Preparation Plant was undertaken in readiness for commissioning of a plant upgrade. A longwall move and plant shutdown at Dendrobium is scheduled for the March 2012 quarter.

BHP Billiton Production Report for the half year ended 31 December 2011 4

Energy Coal

Energy coal (‘000 tonnes) 35,379 16,919 5 % 2 % -8 %

Energy coal – Half yearly production records were achieved at New South Wales Energy Coal and Cerrejon Coal, two of BHP Billiton’s high value, export oriented energy coal operations. However, unfavourable mining conditions and an industrial dispute at South Africa Coal, together with the suspension of operations at San Juan Coal (USA), resulted in lower production relative to the September 2011 quarter.

Throughout this report, unless otherwise stated, production volumes refer to BHP Billiton’s share and exclude suspended and sold operations.

Further information on BHP Billiton can be found at: www.bhpbilliton.com

Media Relations Investor Relations
Australia Australia
Samantha Stevens James Agar
Tel: +61 3 9609 2898 Mobile: +61 400 693 915 Tel: +61 3 9609 2222 Mobile: +61 467 807 064
email: [email protected] email: [email protected]
Kelly Quirke Andrew Gunn
Tel: +61 3 9609 2896 Mobile: +61 429 966 312 Tel: +61 3 9609 3575 Mobile: +61 439 558 454
email: [email protected] email: [email protected]
Fiona Martin United Kingdom and South Africa
Tel: +61 3 9609 2211 Mobile: +61 427 777 908 email: [email protected] Brendan Harris
Tel: +44 20 7802 4131 Mobile: +44 7990 527 726
United Kingdom and Americas email: [email protected]
Ruban Yogarajah Tara Dines
Tel: US +1 713 966 2907 or UK +44 20 7802 4033 Tel : +44 20 7802 7113 Mobile : +44 7825 342 232
Mobile: UK +44 7827 082 022 Email : [email protected]
email: [email protected]
Americas
Scott Espenshade
Tel: +1 713 599 6431 Mobile: +1 713 208 8565
email: [email protected]
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
Registered Office: 180 Lonsdale Street Registered Office: Neathouse Place
Melbourne Victoria 3000 Australia London SW1V 1BH United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111

Members of the BHP Billiton Group which is headquartered in Australia

BHP Billiton Production Report for the half year ended 31 December 2011 5

BHP BILLITON PRODUCTION SUMMARY - CONTINUING OPERATIONS

DEC 2010 SEP 2011 DEC 2011 DEC 2011 DEC 2010 DEC YTD11 vs DEC YTD10 DEC Q11 vs DEC Q10 DEC Q11 vs SEP Q11
PETROLEUM
Crude oil & condensate (‘000 bbl) 20,652 18,482 18,866 37,348 42,739 -13 % -9 % 2 %
Natural gas (bcf) 82.54 177.35 214.49 391.84 188.37 108 % 160 % 21 %
Natural gas liquids (‘000 boe) 2,842 3,356 3,362 6,718 6,205 8 % 18 % 0 %
Total petroleum products (million boe) 37.25 51.40 57.98 109.38 80.34 36 % 56 % 13 %
ALUMINIUM
Alumina (‘000 tonnes) 1,025 1,060 1,001 2,061 2,025 2 % -2 % -6 %
Aluminium (‘000 tonnes) 314 315 313 628 628 0 % 0 % -1 %
BASE METALS
Copper (‘000 tonnes) 302.3 220.3 280.3 500.6 593.5 -16 % -7 % 27 %
Lead (tonnes) 64,925 55,659 66,992 122,651 134,066 -9 % 3 % 20 %
Zinc (tonnes) 36,945 23,444 28,298 51,742 77,142 -33 % -23 % 21 %
Gold (ounces) 51,626 39,439 44,007 83,446 100,987 -17 % -15 % 12 %
Silver (‘000 ounces) 11,571 9,151 10,903 20,054 23,723 -15 % -6 % 19 %
Uranium oxide concentrate (tonnes) 957 1,000 909 1,909 1,967 -3 % -5 % -9 %
Molybdenum (tonnes) 485 595 766 1,361 693 96 % 58 % 29 %
DIAMONDS AND SPECIALTY PRODUCTS
Diamonds (‘000 carats) 676 457 481 938 1,379 -32 % -29 % 5 %
STAINLESS STEEL MATERIALS
Nickel (‘000 tonnes) 43.0 35.1 38.4 73.5 81.5 -10 % -11 % 9 %
IRON ORE
Iron ore (‘000 tonnes) 33,666 39,572 41,072 80,644 65,649 23 % 22 % 4 %
MANGANESE
Manganese ore (‘000 tonnes) 1,829 2,019 1,806 3,825 3,951 -3 % -1 % -11 %
Manganese alloy (‘000 tonnes) 192 194 195 389 391 -1 % 2 % 1 %
METALLURGICAL COAL
Metallurgical coal (‘000 tonnes) 7,787 9,291 8,493 17,784 18,086 -2 % 9 % -9 %
ENERGY COAL
Energy coal (‘000 tonnes) 16,513 18,460 16,919 35,379 33,619 5 % 2 % -8 %

Throughout this report figures in italics indicate that this figure has been adjusted since it was previously reported.

BHP Billiton Production Report for the half year ended 31 December 2011 Page 1

BHP BILLITON ATTRIBUTABLE PRODUCTION

BHP Billiton Interest DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
PETROLEUM
Production
Crude oil & condensate (‘000 bbl) 20,652 19,200 18,652 18,482 18,866 37,348 42,739
Natural gas (bcf) 82.54 84.90 131.79 177.35 214.49 391.84 188.37
NGL (‘000 boe) (a) 2,842 2,442 2,636 3,356 3,362 6,718 6,205
Total petroleum products (million boe) 37.25 35.79 43.25 51.40 57.98 109.38 80.34
ALUMINIUM
ALUMINA
Production (‘000 tonnes)
Worsley 86 % 758 663 725 752 694 1,446 1,514
Alumar 36 % 267 296 301 308 307 615 511
Total 1,025 959 1,026 1,060 1,001 2,061 2,025
ALUMINIUM
Production (‘000 tonnes)
Hillside 100 % 179 173 179 180 180 360 359
Bayside 100 % 25 24 24 25 24 49 49
Alumar 40 % 43 44 43 44 42 86 87
Mozal 47 % 67 64 67 66 67 133 133
Total 314 305 313 315 313 628 628
BASE METALS (b)
COPPER
Payable metal in concentrate (‘000 tonnes)
Escondida 57.5 % 112.7 87.7 79.4 49.9 80.4 130.3 223.4
Antamina 33.8 % 27.2 24.9 22.5 30.3 30.9 61.2 50.4
Total 139.9 112.6 101.9 80.2 111.3 191.5 273.8
Cathode (‘000 tonnes)
Escondida 57.5 % 47.1 44.4 42.6 32.9 43.0 75.9 92.1
Pampa Norte (c) 100 % 66.0 64.1 75.7 65.4 70.0 135.4 132.4
Pinto Valley 100 % 1.5 1.4 1.4 1.4 1.4 2.8 2.9
Olympic Dam 100 % 47.8 51.1 50.7 40.4 54.6 95.0 92.3
Total 162.4 161.0 170.4 140.1 169.0 309.1 319.7
LEAD
Payable metal in concentrate (tonnes)
Cannington 100 % 64,748 51,673 58,414 55,557 66,787 122,344 133,277
Antamina 33.8 % 177 237 164 102 205 307 789
Total 64,925 51,910 58,578 55,659 66,992 122,651 134,066
ZINC
Payable metal in concentrate (tonnes)
Cannington 100 % 14,920 16,129 14,348 14,488 14,745 29,233 30,180
Antamina 33.8 % 22,025 24,123 20,385 8,956 13,553 22,509 46,962
Total 36,945 40,252 34,733 23,444 28,298 51,742 77,142

Refer footnotes on page 4.

BHP Billiton Production Report for the half year ended 31 December 2011 Page 2

BHP BILLITON ATTRIBUTABLE PRODUCTION

BHP Billiton Interest DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
BASE METALS (continued)
GOLD
Payable metal in concentrate (ounces)
Escondida 57.5 % 23,133 19,667 17,116 11,063 14,242 25,305 47,940
Olympic Dam (refined gold) 100 % 28,493 29,892 28,429 28,376 29,765 58,141 53,047
Total 51,626 49,559 45,545 39,439 44,007 83,446 100,987
SILVER
Payable metal in concentrate (‘000 ounces)
Escondida 57.5 % 796 670 580 403 549 952 1,599
Antamina 33.8 % 1,025 813 773 972 1,087 2,059 2,014
Cannington 100 % 9,509 7,315 8,242 7,559 9,056 16,615 19,668
Olympic Dam (refined silver) 100 % 241 258 282 217 211 428 442
Total 11,571 9,056 9,877 9,151 10,903 20,054 23,723
URANIUM OXIDE CONCENTRATE
Payable metal in concentrate (tonnes)
Olympic Dam 100 % 957 1,063 1,015 1,000 909 1,909 1,967
Total 957 1,063 1,015 1,000 909 1,909 1,967
MOLYBDENUM
Payable metal in concentrate (tonnes)
Antamina 33.8 % 485 334 418 595 766 1,361 693
Total 485 334 418 595 766 1,361 693
DIAMONDS AND SPECIALTY PRODUCTS
DIAMONDS
Production (‘000 carats)
EKATI™ 80 % 676 551 576 457 481 938 1,379
STAINLESS STEEL MATERIALS
NICKEL
Production (‘000 tonnes)
CMSA 99.9 % 12.4 7.8 7.4 10.4 12.3 22.7 24.8
Nickel West 100 % 30.6 25.2 30.8 24.7 26.1 50.8 56.7
Total 43.0 33.0 38.2 35.1 38.4 73.5 81.5

Refer footnotes on page 4.

BHP Billiton Production Report for the half year ended 31 December 2011 Page 3

BHP BILLITON ATTRIBUTABLE PRODUCTION

BHP Billiton Interest DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
IRON ORE
Production (‘000 tonnes) (d)
Newman (e) 85 % 11,213 11,912 12,480 13,158 13,247 26,405 20,853
Goldsworthy Joint Venture 85 % 225 305 284 254 334 588 609
Area C Joint Venture 85 % 10,154 9,510 10,044 10,479 10,437 20,916 20,240
Yandi Joint Venture 85 % 9,078 8,799 9,796 12,708 14,170 26,878 17,865
Samarco 50 % 2,996 2,705 2,922 2,973 2,884 5,857 6,082
Total 33,666 33,231 35,526 39,572 41,072 80,644 65,649
MANGANESE
MANGANESE ORES
Saleable production (‘000 tonnes)
South Africa (f) 60 % 779 514 776 911 808 1,719 1,717
Australia (f) 60 % 1,050 838 1,014 1,108 998 2,106 2,234
Total 1,829 1,352 1,790 2,019 1,806 3,825 3,951
MANGANESE ALLOYS
Saleable production (‘000 tonnes)
South Africa (f) (g) 60 % 123 111 120 124 124 248 255
Australia (f) 60 % 69 61 70 70 71 141 136
Total 192 172 190 194 195 389 391
METALLURGICAL COAL
Production (‘000 tonnes) (h)
BMA 50 % 4,534 3,955 4,874 5,274 5,006 10,280 11,072
BHP Mitsui Coal (i) 80 % 1,421 1,133 1,426 1,803 1,580 3,383 3,334
Illawarra 100 % 1,832 1,582 1,622 2,214 1,907 4,121 3,680
Total 7,787 6,670 7,922 9,291 8,493 17,784 18,086
ENERGY COAL
Production (‘000 tonnes)
South Africa 100 % 8,507 8,596 8,228 9,095 7,976 17,071 17,504
USA 100 % 2,296 2,360 3,779 2,467 2,163 4,630 5,473
Australia 100 % 3,394 3,978 3,793 4,046 4,027 8,073 5,900
Colombia 33 % 2,316 2,609 2,538 2,852 2,753 5,605 4,742
Total 16,513 17,543 18,338 18,460 16,919 35,379 33,619

(a) LPG and ethane are reported as Natural Gas Liquid (NGL). Product-specific conversions are made and NGL is reported in barrels of oil equivalent (boe).

(b) Metal production is reported on the basis of payable metal.

(c) Includes Cerro Colorado and Spence.

(d) Iron ore production is reported on a wet tonnes basis.

(e) Newman includes Mt Newman Joint Venture and Jimblebar.

(f) Shown on 100% basis. BHP Billiton interest in saleable production is 60%.

(g) Production includes Medium Carbon Ferro Manganese.

(h) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.

(i) Shown on 100% basis. BHP Billiton interest in saleable production is 80%.

BHP Billiton Production Report for the half year ended 31 December 2011 Page 4

PRODUCTION AND SHIPMENT REPORT

DEC MAR JUN SEP DEC DEC DEC
2010 2011 2011 2011 2011 2011 2010
PETROLEUM
BHP Billiton attributable production unless otherwise stated.
CRUDE OIL & CONDENSATE (‘000 barrels)
Bass Strait 2,553 2,465 2,485 2,527 2,190 4,717 5,264
North West Shelf 2,188 1,719 1,442 1,400 1,686 3,086 4,425
Stybarrow 358 862 1,037 1,171 836 2,007 909
Pyrenees 5,362 4,326 4,584 3,901 3,207 7,108 10,878
Other Australia (a) 10 13 13 13 13 26 25
Atlantis (b) 2,881 2,694 2,098 2,081 2,390 4,471 5,919
Mad Dog (b) 874 952 128 — — — 1,949
Shenzi (b) (c) 3,859 3,378 3,630 3,848 4,119 7,967 7,775
Onshore US (d) — — — 672 1,631 2,303 —
Trinidad/Tobago — 299 687 466 466 932 285
Other Americas (b) (e) 430 397 448 373 374 747 789
UK 479 542 534 447 433 880 1,090
Algeria 1,587 1,474 1,498 1,498 1,437 2,935 3,273
Pakistan 71 79 68 85 84 169 158
Total 20,652 19,200 18,652 18,482 18,866 37,348 42,739
NATURAL GAS (billion cubic feet)
Bass Strait 20.94 22.31 29.97 31.88 23.65 55.53 59.75
North West Shelf 36.47 35.11 35.44 32.97 32.56 65.53 72.96
Other Australia (a) 3.83 4.69 4.68 4.45 4.56 9.01 9.83
Atlantis (b) 1.07 0.84 0.67 0.64 0.67 1.31 2.40
Mad Dog (b) 0.06 0.13 0.01 — — — 0.31
Shenzi (b) (c) 0.77 0.64 0.67 0.62 0.57 1.19 1.52
Onshore US (d) — — 36.43 77.59 121.63 199.22 —
Trinidad/Tobago — — 4.69 9.31 9.72 19.03 —
Other Americas (b) (e) 1.32 1.33 1.42 1.19 0.98 2.17 2.72
UK 6.14 6.32 5.69 3.91 5.51 9.42 12.45
Pakistan 11.94 13.53 12.12 14.79 14.64 29.43 26.43
Total 82.54 84.90 131.79 177.35 214.49 391.84 188.37
NGL (‘000 barrels of oil equivalent)
Bass Strait 1,412 1,252 1,554 1,823 1,407 3,230 3,442
North West Shelf 442 434 367 423 434 857 913
Atlantis (b) 177 150 117 120 123 243 365
Mad Dog (b) 42 39 11 — — — 84
Shenzi (b) (c) 336 245 252 296 293 589 532
Onshore US (d) — — — 416 943 1,359 —
Other Americas (b) (e) 54 42 47 41 34 75 96
UK 74 79 66 18 45 63 134
Algeria 305 201 222 219 83 302 639
Total 2,842 2,442 2,636 3,356 3,362 6,718 6,205
TOTAL PETROLEUM PRODUCTS 37.25 35.79 43.25 51.40 57.98 109.38 80.34

(million barrels of oil equivalent) (f)

(a) Other Australia includes Minerva.

(b) Gulf of Mexico volumes are net of royalties.

(c) The Genghis Khan operation is reported in Shenzi.

(d) Fayetteville shale acquisition completed on 31 March 2011. Petrohawk Energy Corporation acquisition completed on 20 August 2011. Onshore US volumes are net of mineral holder royalties.

(e) Other Americas includes Neptune, West Cameron 76, Genesis and Starlifter.

(f) Total barrels of oil equivalent (boe) conversions are based on 6,000 scf of natural gas equals 1 boe.

BHP Billiton Production Report for the half year ended 31 December 2011 Page 5

PRODUCTION AND SHIPMENT REPORT

DEC MAR JUN SEP DEC DEC DEC
2010 2011 2011 2011 2011 2011 2010
ALUMINIUM
BHP Billiton attributable production and sales unless otherwise stated. (‘000 tonnes)
ALUMINA
Production
Worsley, Australia 758 663 725 752 694 1,446 1,514
Alumar, Brazil 267 296 301 308 307 615 511
Total 1,025 959 1,026 1,060 1,001 2,061 2,025
Sales
Worsley, Australia 735 633 727 720 745 1,465 1,502
Alumar, Brazil 271 249 324 280 349 629 510
Total 1,006 882 1,051 1,000 1,093 2,093 2,012
ALUMINIUM
Production
Hillside, South Africa 179 173 179 180 180 360 359
Bayside, South Africa 25 24 24 25 24 49 49
Alumar, Brazil 43 44 43 44 42 86 87
Mozal, Mozambique 67 64 67 66 67 133 133
Total 314 305 313 315 313 628 628
Sales
Hillside, South Africa 160 163 181 163 186 349 308
Bayside, South Africa 31 38 29 24 25 49 60
Alumar, Brazil 43 43 44 44 43 87 87
Mozal, Mozambique 76 66 80 60 85 145 131
Total 310 310 334 291 339 630 586

BHP Billiton Production Report for the half year ended 31 December 2011 Page 6

PRODUCTION AND SHIPMENT REPORT

DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
BASE METALS
BHP Billiton attributable production and sales unless otherwise stated. Metals production is payable metal unless
otherwise stated.
Escondida, Chile
Material mined (100%) (‘000 tonnes) 98,167 100,966 97,705 69,006 96,152 165,158 202,008
Sulphide ore milled (100%) (‘000 tonnes) 18,789 15,993 16,399 12,029 18,663 30,692 38,486
Average copper grade (%) 1.26 % 1.15 % 1.06 % 0.97 % 0.97 % 0.97 % 1.25 %
Production ex mill (100%) (‘000 tonnes) 194.6 153.1 141.2 91.9 144.3 236.2 392.3
Production
Payable copper (‘000 tonnes) 112.7 87.7 79.4 49.9 80.4 130.3 223.4
Payable gold concentrate (fine ounces) 23,133 19,667 17,116 11,063 14,242 25,305 47,940
Copper cathode (EW) (‘000 tonnes) 47.1 44.4 42.6 32.9 43.0 75.9 92.1
Payable silver concentrate (‘000 ounces) 796 670 580 403 549 952 1,599
Sales
Payable copper (‘000 tonnes) 113.9 74.3 90.9 49.2 82.1 131.3 228.7
Payable gold concentrate (fine ounces) 23,357 16,754 20,251 10,974 14,435 25,409 49,018
Copper cathode (EW) (‘000 tonnes) 46.1 47.7 48.0 25.7 45.3 71.0 86.1
Payable silver concentrate (‘000 ounces) 804 569 673 404 558 962 1,635
Pampa Norte, Chile
Cerro Colorado
Material mined (‘000 tonnes) 18,290 16,320 17,840 14,736 16,792 31,528 33,934
Ore milled (‘000 tonnes) 4,631 4,251 4,771 4,608 4,601 9,209 9,215
Average copper grade (%) 0.76 % 0.75 % 0.74 % 0.72 % 0.71 % 0.72 % 0.75 %
Production
Copper cathode (EW) (‘000 tonnes) 22.4 22.6 25.7 22.5 23.5 46.0 44.1
Sales
Copper cathode (EW) (‘000 tonnes) 24.7 22.5 25.7 22.4 23.8 46.2 46.1
Spence
Material mined (‘000 tonnes) 18,389 19,046 19,487 19,816 26,511 46,327 35,537
Ore milled (‘000 tonnes) 4,567 4,892 4,545 3,862 4,909 8,771 8,994
Average copper grade (%) 1.28 % 1.23 % 1.22 % 1.30 % 1.46 % 1.39 % 1.27 %
Production
Copper cathode (EW) (‘000 tonnes) 43.6 41.5 50.0 42.9 46.5 89.4 88.3
Sales
Copper cathode (EW) (‘000 tonnes) 48.2 45.7 54.5 43.2 46.6 89.8 85.2

BHP Billiton Production Report for the half year ended 31 December 2011 Page 7

PRODUCTION AND SHIPMENT REPORT

DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
BASE METALS
BHP Billiton attributable production and sales unless otherwise stated. Metals production is payable metal unless
otherwise stated.
Antamina, Peru
Material mined (100%) (‘000 tonnes) 32,722 33,154 41,669 44,212 38,759 82,971 63,321
Sulphide ore milled (100%) (‘000 tonnes) 9,347 9,288 9,253 9,396 9,656 19,052 18,388
Average head grades
- Copper (%) 1.06 % 0.99 % 0.90 % 1.11 % 1.15 % 1.13 % 1.00 %
- Zinc (%) 1.11 % 1.15 % 1.03 % 0.68 % 0.72 % 0.70 % 1.23 %
Production
Payable copper (‘000 tonnes) 27.2 24.9 22.5 30.3 30.9 61.2 50.4
Payable zinc (tonnes) 22,025 24,123 20,385 8,956 13,553 22,509 46,962
Payable silver (‘000 ounces) 1,025 813 773 972 1,087 2,059 2,014
Payable lead (tonnes) 177 237 164 102 205 307 789
Payable molybdenum (tonnes) 485 334 418 595 766 1,361 693
Sales
Payable copper (‘000 tonnes) 21.8 26.1 23.5 28.2 31.7 59.9 49.5
Payable zinc (tonnes) 24,912 25,571 18,479 9,586 12,654 22,240 48,849
Payable silver (‘000 ounces) 882 839 658 833 940 1,773 2,124
Payable lead (tonnes) 503 180 92 91 139 230 1,251
Payable molybdenum (tonnes) 292 394 346 549 591 1,140 730
Cannington, Australia
Material mined (‘000 tonnes) 824 703 841 819 778 1,597 1,566
Ore milled (‘000 tonnes) 760 713 786 826 888 1,714 1,591
Average head grades
- Silver (g/t) 459 377 381 332 370 352 453
- Lead (%) 9.9 % 8.6 % 8.6 % 7.9 % 8.8 % 8.4 % 9.7 %
- Zinc (%) 3.3 % 3.6 % 2.9 % 2.9 % 2.9 % 2.9 % 3.1 %
Production
Payable silver (‘000 ounces) 9,509 7,315 8,242 7,559 9,056 16,615 19,668
Payable lead (tonnes) 64,748 51,673 58,414 55,557 66,787 122,344 133,277
Payable zinc (tonnes) 14,920 16,129 14,348 14,488 14,745 29,233 30,180
Sales
Payable silver (‘000 ounces) 9,973 7,263 8,235 6,434 8,960 15,394 19,192
Payable lead (tonnes) 67,815 52,199 58,868 48,258 66,657 114,915 130,906
Payable zinc (tonnes) 16,621 12,986 14,530 15,734 14,078 29,812 29,098

BHP Billiton Production Report for the half year ended 31 December 2011 Page 8

PRODUCTION AND SHIPMENT REPORT

DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
BASE METALS
BHP Billiton attributable production and sales unless otherwise stated. Metals production is payable metal unless otherwise stated.
Olympic Dam, Australia
Material mined (a) (‘000 tonnes) 2,513 2,433 2,675 2,543 2,440 4,983 5,223
Ore milled (‘000 tonnes) 2,622 2,670 2,533 2,471 2,440 4,911 5,127
Average copper grade (%) 1.78 % 1.84 % 1.92 % 1.98 % 2.08 % 2.03 % 1.84 %
Average uranium grade kg/t 0.50 0.54 0.54 0.54 0.50 0.52 0.52
Production
Copper cathode (ER) (‘000 tonnes) 45.0 47.8 47.0 37.6 51.5 89.1 86.6
Copper cathode (EW) (‘000 tonnes) 2.8 3.3 3.7 2.8 3.1 5.9 5.7
Uranium oxide concentrate (tonnes) 957 1,063 1,015 1,000 909 1,909 1,967
Refined gold (fine ounces) 28,493 29,892 28,429 28,376 29,765 58,141 53,047
Refined silver (‘000 ounces) 241 258 282 217 211 428 442
Sales
Copper cathode (ER) (‘000 tonnes) 45.3 48.7 46.5 36.4 51.7 88.1 87.5
Copper cathode (EW) (‘000 tonnes) 2.9 2.7 4.1 3.5 2.5 6.0 5.7
Uranium oxide concentrate (tonnes) 1,121 930 1,143 910 1,126 2,036 1,872
Refined gold (fine ounces) 29,757 31,742 30,323 28,979 24,327 53,306 48,671
Refined silver (‘000 ounces) 150 334 269 289 155 444 351
(a) Material mined refers to run of mine ore mined and hoisted.
Pinto Valley, USA
Production
Copper cathode (EW) (‘000 tonnes) 1.5 1.4 1.4 1.4 1.4 2.8 2.9
Sales
Copper cathode (EW) (‘000 tonnes) 1.0 1.9 1.2 1.7 1.2 2.9 2.8

BHP Billiton Production Report for the half year ended 31 December 2011 Page 9

PRODUCTION AND SHIPMENT REPORT

DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
DIAMONDS AND SPECIALTY PRODUCTS
BHP Billiton attributable production and sales unless otherwise stated.
DIAMONDS
EKATI™, Canada
Ore Processed (100%) (‘000 tonnes) 1,162 1,122 1,212 1,177 1,090 2,267 2,358
Production (‘000 carats) 676 551 576 457 481 938 1,379

BHP Billiton Production Report for the half year ended 31 December 2011 Page 10

PRODUCTION AND SHIPMENT REPORT

DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
STAINLESS STEEL MATERIALS
BHP Billiton attributable production and sales unless otherwise stated. (‘000 tonnes)
NICKEL
CMSA, Colombia
Production 12.4 7.8 7.4 10.4 12.3 22.7 24.8
Sales 12.8 8.5 8.5 7.7 13.1 20.8 24.8
Nickel West, Australia
Production
Nickel contained in concentrate 1.7 1.6 3.3 2.6 1.8 4.4 2.6
Nickel contained in finished matte 21.8 12.4 16.1 9.0 15.2 24.2 35.4
Nickel metal 7.1 11.2 11.4 13.1 9.1 22.2 18.7
Nickel production 30.6 25.2 30.8 24.7 26.1 50.8 56.7
Sales
Nickel contained in concentrate 0.8 2.2 3.9 1.2 2.6 3.8 2.4
Nickel contained in finished matte 19.9 14.7 14.9 10.1 13.9 24.0 34.5
Nickel metal 9.6 9.2 12.4 9.4 10.9 20.3 21.8
Nickel sales 30.3 26.1 31.2 20.7 27.4 48.1 58.7

BHP Billiton Production Report for the half year ended 31 December 2011 Page 11

PRODUCTION AND SHIPMENT REPORT

DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
IRON ORE
BHP Billiton attributable production and sales unless otherwise stated. (‘000 tonnes)
IRON ORE (a)
Pilbara, Australia
Production
Newman (b) 11,213 11,912 12,480 13,158 13,247 26,405 20,853
Goldsworthy Joint Venture 225 305 284 254 334 588 609
Area C Joint Venture 10,154 9,510 10,044 10,479 10,437 20,916 20,240
Yandi Joint Venture 9,078 8,799 9,796 12,708 14,170 26,878 17,865
Total (BHP Billiton share) 30,670 30,526 32,604 36,599 38,188 74,787 59,567
Total production (100%) 36,082 35,913 38,358 43,058 44,927 87,985 70,078
Shipments
Lump 7,830 7,669 7,463 7,744 8,700 16,444 15,652
Fines 23,870 22,648 25,379 29,311 28,406 57,717 44,919
Total (BHP Billiton share) 31,700 30,317 32,842 37,055 37,106 74,161 60,571
Total sales (100%) 37,294 35,667 38,638 43,594 43,654 87,248 71,260

(a) Iron ore production and shipments are reported on a wet tonnes basis.

(b) Newman includes Mt Newman Joint Venture and Jimblebar.

Samarco, Brazil — Production 2,996 2,705 2,922 2,973 2,884 5,857 6,082
Shipments 3,460 2,598 2,736 2,926 2,961 5,887 6,094

BHP Billiton Production Report for the half year ended 31 December 2011 Page 12

PRODUCTION AND SHIPMENT REPORT

DEC 2010 MAR 2011 JUN 2011 SEP 2011 DEC 2011 DEC 2011 DEC 2010
MANGANESE
BHP Billiton attributable production and sales unless otherwise stated. (‘000 tonnes)
MANGANESE ORE
South Africa (a)
Saleable production 779 514 776 911 808 1,719 1,717
Sales 947 701 746 861 853 1,714 1,604
Australia (a)
Saleable production 1,050 838 1,014 1,108 998 2,106 2,234
Sales 1,173 1,127 1,108 1,094 876 1,970 1,725
MANGANESE ALLOY
South Africa (a) (b)
Saleable production 123 111 120 124 124 248 255
Sales 153 145 123 95 138 233 248
Australia (a)
Saleable production 69 61 70 70 71 141 136
Sales 68 62 75 91 58 149 121

(a) Shown on 100% basis. BHP Billiton interest in saleable production is 60%, except Hotazel Manganese Mines which is 44.4%.

(b) Production includes Medium Carbon Ferro Manganese.

BHP Billiton Production Report for the half year ended 31 December 2011 Page 13

PRODUCTION AND SHIPMENT REPORT

DEC MAR JUN SEP DEC DEC DEC
2010 2011 2011 2011 2011 2011 2010
METALLURGICAL COAL
BHP Billiton attributable production and sales unless otherwise stated. (‘000 tonnes)
METALLURGICAL COAL (a)
Queensland, Australia
Production
BMA
Blackwater 1,134 870 1,127 1,367 1,122 2,489 2,592
Goonyella 1,086 993 1,417 1,463 1,375 2,838 2,949
Peak Downs 984 758 543 971 992 1,963 2,101
Saraji 819 532 556 802 900 1,702 1,691
Norwich Park 73 128 386 365 369 734 541
Gregory Joint Venture 438 674 845 306 248 554 1,198
BMA total 4,534 3,955 4,874 5,274 5,006 10,280 11,072
BHP Mitsui Coal (b)
South Walker Creek 765 623 690 1,106 901 2,007 1,821
Poitrel 656 510 736 697 679 1,376 1,513
BHP Mitsui Coal total 1,421 1,133 1,426 1,803 1,580 3,383 3,334
Queensland total 5,955 5,088 6,300 7,077 6,586 13,663 14,406
Shipments
Coking coal 5,243 3,475 4,865 5,066 4,845 9,911 11,884
Weak coking coal 1,886 970 1,411 1,691 1,747 3,438 3,539
Thermal coal 206 125 285 176 20 196 574
Total 7,335 4,570 6,561 6,933 6,612 13,545 15,997

(a) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.

(b) Shown on 100% basis. BHP Billiton interest in saleable production is 80%.

Illawarra, Australia — Production 1,832 1,582 1,622 2,214 1,907 4,121 3,680
Shipments
Coking coal 1,495 1,374 1,407 1,673 1,255 2,928 2,883
Thermal coal 536 211 216 159 441 600 898
Total 2,031 1,585 1,623 1,832 1,696 3,528 3,781

BHP Billiton Production Report for the half year ended 31 December 2011 Page 14

PRODUCTION AND SHIPMENT REPORT

DEC MAR JUN SEP DEC DEC DEC
2010 2011 2011 2011 2011 2011 2010
ENERGY COAL
BHP Billiton attributable production and sales unless otherwise stated. (‘000 tonnes)
South Africa
Production 8,507 8,596 8,228 9,095 7,976 17,071 17,504
Sales
Export 3,365 2,887 3,082 3,439 3,546 6,985 6,412
Local utility 5,024 5,254 5,363 5,622 4,582 10,204 10,691
Inland 96 78 37 85 165 250 206
Total 8,485 8,219 8,482 9,146 8,293 17,439 17,309
New Mexico, USA
Production
Navajo Coal 1,818 1,629 2,271 1,178 2,060 3,238 3,572
San Juan Coal 478 731 1,508 1,289 103 1,392 1,901
Total 2,296 2,360 3,779 2,467 2,163 4,630 5,473
Sales - local utility 3,339 3,385 3,106 3,630 3,108 6,738 6,700
NSW Energy Coal, Australia
Production 3,394 3,978 3,793 4,046 4,027 8,073 5,900
Sales
Export 3,253 3,824 3,522 3,523 3,566 7,089 5,879
Inland 180 339 364 625 333 958 584
Total 3,433 4,163 3,886 4,148 3,899 8,047 6,463
Cerrejon Coal, Colombia
Production 2,316 2,609 2,538 2,852 2,753 5,605 4,742
Sales - export 2,672 2,149 2,853 2,901 2,784 5,685 5,448

BHP Billiton Production Report for the half year ended 31 December 2011 Page 15

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

By: BHP Billiton Limited and BHP Billiton Plc — /s/ Jane McAloon
Name: Jane McAloon
Title: Group Company Secretary